Blackpool SUEZ Waste Transfer Station, Chapel Road, Blackpool
£62.59 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
35,547 sq ft
3,302 sq m
- SECTOR
Warehouse for sale
Key features
- Long Income Investment Opportunity
- Let to SUEZ Recycling and Recovery
- Lease Expires 03/01/2038 (14 Years Unexpired)
- Producing £177,912 per annum
- Rent Reflects a Low £5.00 per sq ft
- Annual CPI Linked Uplifts (1%-4%)
- Tenants Option to Renew
- 35,547 sq ft (3,302.31 sq m)
- Site Area - 5.79 acres (2.345 hectares)
- Guide Price Reflects 8.00% Gross Yield
Description
Arranged across a site of 5.79 acres (2.345 hectares), the property is used as a recycling and waste management centre and occupies a prime pitch on the outskirts of Blackpool and adjacent to the M55 motorway.
The property is let to SUEZ Recycling and Recovery UK Limited on a 25 year lease expiring 03/01/2038 and paying £177,912 per annum, the lease includes annual uplifts in line with CPI (cap and collar of 1%-4%) and the tenant benefits from an option to extend the lease for a term of either 15 or 25 years upon expiry.
Blackpool SUEZ Waste Transfer Station, Chapel Road, Blackpool
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Blackpool South Station1.8 miles
- Blackpool Pleasure Beach Station2.0 miles
- Squires Gate Station2.2 miles
About Savills, Savills, Auctions
33 Margaret Street, London, W1G 0JD
Notes
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